The radio broadcaster announced a new contract with the satellite and streaming company that will keep him in the driver’s seat of two channels through 2025.
The incoming chief executive of SiriusXM said the radio show host would have an announcement after Thanksgiving.
The company says it expects to end the year with a net addition of 700,000 subscribers.
News of the discussion was confirmed by SiriusXM chief executive Jim Meyer during a conference call with investors on Thursday.
If Howard Stern leaves SiriusXM, his departure would mark the end of an incredible run for the satellite radio industry.
SiriusXM added new paying subscribers while shedding Pandora premium customers in the quarter that ended 2019, according to an earnings report.